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Vehicle sales up 10.8 pct YoY in Jun, rising by 13.2 pct in H1
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time accelerated further in June, rising by 9.2 percent year-on-year (YoY), from 5.6 percent in May, according to Hellenic Statistical... categories in May, with new passenger cars rising by 20.7 percent and used passenger car sales down
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Minister's resignation deflates government after series of missteps
PoliticsGreek Politicsto his administration’s competence and popularity may lie within Mitsotakis’s own government... that is heavily tilted in ND’s favour may create a breeding ground for laxness and hubris that could undo
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PMI records 6 months of improved manufacturing conditions, but outlook less upbeat
EconomyMacroeconomythe strongest since May 2022. The expansion was driven by stronger upturns in output, new orders... decrease in input costs, to the second steepest decline since May 2020, attributed to reduced raw
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Unemployment rate hits 11.1 pct in June as recovery loses steam
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate landed at 11.1 percent in June, from an upwards revised 11.3 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday... is a 7.1 percent unemployment rate in May 2008. Year-on-year, the number of employed people increased
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PM heads to Egypt with eye on broader movements in East Med
PoliticsForeign Policyof the new energy routes so that it may secure its own share as well as to retain a significant... all sides and may secure Turkey’s full alignment with the West. Athens is aware of all these facts
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Industrial production drops for first time in 2023, down 3.6 pct in June
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) contracted in June, falling by 3.6 percent year-on-year (YoY), after rising by an upwards revised 1.9 percent in May, according to Hellenic Statistical... the strongest since May 2022. The expansion was driven by stronger upturns in output, new orders
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Despite drop in input costs, rising agriculture output prices cause inflation concerns
EconomyMacroeconomy. Month-on-month, agriculture products increased by 3.4 percent, from 5.1 percent in May, marking five... a 1.5 percent decrease in May, marking four successive monthly drops in 2023. That said, for the entire
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Growing challenges await PM following summer break
PoliticsGreek Politicsa very shaky tenure as Athens mayor and his opponents feel that this may provide the extra push he... for Bakoyannis. PASOK is hoping that its candidate, Haris Doukas, may put up more of a challenge and attract
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Retails sales contract 1 pct in June, volumes fall as food dips by 6.2 pct YoY
EconomyMacroeconomyGreece’s retail sales turned negative in June, posting a drop of 1 percent year-on-year (YoY), after a solid rise of 7.8 percent in May, Hellenic Statistical Authority (ELSTAT) data showed... to May 2023, automotive fuel was down by 19.5 percent, non-food was up by 2.6 percent and food sales
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Storm impact and ferry death engulf political agenda
PoliticsGreek Politicsat the government’s door, it may rekindle a debate about workplace safety and the way... International Fair on Saturday but may provide SYRIZA’s leadership vote, which is due to take place
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